Moneybarn @


Moneybarn was a fresh name on the scene in 2011. Before this time this company was active through the name of Duncton that itself was formed in 1992. This lender that is found at has recently hit the press through Provident Financial Plc taking ownership. The bad credit finance available here suits the profile of Provident who are of course one of the premier names in subprime lending. From scanning across the site there was no information surrounding the financing options. From looking elsewhere it was referenced that they offer a Conditional Sale Agreement. Between £5000 and £25,000 is available over the terms of 24 to 48 months.

It is not easy to pick out prices since you have to enter specific vehicle details in to receive a quote. When we picked out a car that required £10,000 over the max 48 month term, the prices were quoted under tiers of 1, 2 and 3. The charges were as follows: 1) £3588.20 (29.8% APR), 2) £4264.06 (35.4% APR) and 3) £5832.92 (48.5% APR). From sampling a few examples, the interest rates did tend to vary. Applications are securely processed through, but there is no login attached. As expected from those high interest rates, they are targeting audiences with poor credit.

It is headlined that they consider those with CCJs and even discharged bankrupts. It is also stated that over 90% of the applications are accepted. Just be aware that all applicants have to be at least 21 years old to qualify. You will have to source the vehicle yourself from a reputable dealer. An FLA member place has been taken on here. They operate between Monday and Friday only. Their opening hours are 9am to 5.30pm. Whilst this lender isn’t on the same level as major car finance providers such as Black Horse, you would expect that Provident should help to guide them in the right direction over the coming years.